* WILL PROCEED WITH A FIRST ISSUANCE OF FIVE TRANCHES OF NOTES BY WAY OF PRIVATE PLACEMENT TO QUALIFIED INVESTORS

* AGGREGATE NOMINAL AMOUNT FOR ALL TRANCHES IS EQUAL TO 1.5 BILLION RUPEES, AND OVERSUBSCRIPTION AMOUNT CAN BE UP TO 1.5 BILLION RUPEES Source: bit.ly/2z01p36 Further company coverage: (Bangalore.newsroom@thomsonreuters.com)